Kane, J.
In 1998, plaintiff sold defendant a parcel of property consisting of a house, a barn and approximately 626 acres of land. In consideration, defendant paid a $150,000 down payment and executed a $600,000 purchase-money mortgage. Under the terms of the mortgage, defendant agreed to pay interest only at the rate of $4,000, or 8%, monthly until the principal was due to be paid in full. The mortgage contained an acceleration provision in the event of defendant...
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